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Home renovations during COVID: What your clients need to know
June 29, 2021 by Jason ContantWith more of your clients staying home during the pandemic, more are renovating their homes. And that means your clients need to make sure that they have the right insurance coverage in place, and that the renovations are properly reflected…
Tornado touchdown causes damage in midwestern Ontario
June 28, 2021 by The Canadian PressEnvironment Canada says that at least one tornado touched down late Saturday afternoon in midwestern Ontario. Agency meteorologist Brian Owsiak says that reports from the ground, as well as radar signatures, confirmed that a twister hit just east of Chatsworth,…
UFO sightings: Are your clients covered for an alien invasion?
June 24, 2021 by David GambrillRecent talk about UFOs during the pandemic has caused the most conspiratorial among us to wonder if Canada’s property and casualty insurance industry is prepared for the most secretive of risks: An alien invasion of Earth. Film footage has emerged…
Aviva Canada exec predicts how long supply chain pressures will last
June 24, 2021 by Jason ContantA supply chain bubble that is putting pressure on the Canadian P&C insurance industry should burst within a year or two and it’s just a matter of riding it out, an Aviva Canada claims executive suggested during a virtual fireside…
Reservoir to protect Calgary from floods gets approval
June 24, 2021 by The Canadian PressEDMONTON – The Natural Resources Conservation Board has approved a controversial reservoir that could protect Calgary from future flooding, ruling that it’s in the public interest. Alberta Transportation proposed the $432-million off-stream reservoir near the rural community of Springbank, Alta.,…
100-year flood level on Yukon River prompts warning to village of Carmacks
June 23, 2021 by The Canadian PressWHITEHORSE – The water level on the Yukon River at the village of Carmacks keeps rising, prompting a flood warning from the territory. A statement from the territory says the river is at a level only seen once every 100…
Cleanup of trees, debris underway after deadly Quebec tornado
June 22, 2021 by Morgan Lowrie - THE CANADIAN PRESSMASCOUCHE, Que. – Residents of a town north of Montreal on Tuesday were clearing out tree branches and twisted debris scattered by a deadly tornado that tore through the community and killed one of their neighbours. The tornado Monday afternoon…
Canadian P&C industry’s financial results take a turn for the better
June 18, 2021 by David GambrillCanada’s property and casualty insurance industry reported a much sunnier financial picture in 2021 Q1 than it did during the same time last year, according to a recent quarterly report by the Property and Casualty Insurance Compensation Corporation (PACICC). Financial…
Progress report: Canada-wide flood mapping is well underway
June 16, 2021 by Greg MeckbachA nationwide estimate of coastal, pluvial, and fluvial flood hazard is one part of the ongoing effort to come up with a national approach to insuring or re-locating homes at high risk of flood, a federal government official suggests. Flood…
Restoration firms beware: Did clients authorize payment for your work?
June 14, 2021 by David GambrillA recent flood damage claim in B.C. speaks to the importance of getting in writing from clients exactly what restoration services have been authorized for payment, be it a repair or a full investigation into the cause of the water…
Look back, but not too far: Why some perils need a new approach
June 14, 2021 by Jason ContantThe insurance industry needs to look at the “more recent past” and take a shorter-term view of catastrophic perils to see their effects going forward, Swiss Re told Canadian Underwriter recently. “When we’re looking at recent events, including the 2020…
How to be really customer-centric: Lessons from the global insurance market
June 11, 2021 by Jason ContantCanada’s property and casualty insurance industry should look towards the global insurance market for some insights about how to increase take-up rates, particularly among marginalized and low-income people, speakers said Thursday at the CatIQ Connect virtual conference. In the global…